SECURITIES REGULATION

Next Taught:  Spring 2003.

   Current Assignments

    Description

The primary focus of this 3 hour course will be the regulation of capital formation under the Securities Act of 1933 and related disclosure issues arising under the Securities Exchange Act of 1934. Also included will be a comparison of anti-fraud provisions in various federal statutes, as they reflect the federal regulation of corporate transactions. This is a statutory course that emphasizes the wording of the law, the regulations promulgated by the Securities and Exchange Commission, and court interpretations of both. Case law is less important than in most traditional law school courses. An additional focus is the inter-relationship of the two primary federal securities statutes and the SEC's attempt to integrate securities regulation into a coherent regulatory system. A set of problems will be the focus of a significant part of class discussion. Regular attendance and preparation are expected. The grade for the course will be determined by a timed exam with both objective and essay components.
 

    Text(s)/Materials

Cox, Hillman & Langevoort, Securities Regulation Cases and Materials, (Aspen Law and Business, 2d Edition 1997) and the Statutory Supplement,  Federal Securities Laws, published by Foundation Press.

        Syllabus

The Legal and Institutional Framework of Securities Regulation 
Class   1  Pages   1-31
Class   2 Pages   31-49 
Materiality of Information 
Class   3 Pages 51 - 70
Class   4 Pages 71 - 93
Class   5 Pages 93 - 115 
Definition of a Security
Class   6 Pages 117 - 136
Class   7  Pages 137 - 153
Class   8 Pages 154 - 184
Class   9  Pages 185 - 209
Public Offering 
Class 10  Pages 211- 250
Class 11 Pages 250 - 276
Class 12  Pages 276 - 292
Class 13  Pages 293 - 299
Class 14  Pages 299 - 314
Class 15  Pages 321 - 347
Exemptions
Class 16  Pages 349 - 372
Class 17  Pages 372 - 391
Class 18  Pages 391 - 411
Class 19  Pages 411 - 442
Secondary Distribution 
Class 20  Pages 443 - 463
Class 21  Pages 463 - 475
Class 22  Pages 475 - 496
 Liabilities Under the Securities Act 
Class 23  Pages 589 - 611
Class 24  Pages 611 - 621
Class 25  Pages 621 - 636
Class 26  Pages 637 - 651
 The Securities Exchange Act of 1934
Class 27  Pages 653 - 657; 664 - 670; 676 - 680
 Fraud
Class 28 Pages 681 - 709
Class 29  Pages 710 - 722
Class 30  Pages 723 - 743
Class 31 Pages 743 - 765
Class 32  Pages 765 - 774
Shareholder Voting & Rule 145 
Class 33  Pages  827 - 833 
Class 34  Pages  525 - 536
 The Enforcement of the Securities Laws 
Class 35  Pages 923 - 943
Class 36  Pages 943 - 968
Class 37  Pages 968 - 992
Class 38  Pages 1009 - 1023
Class 39 Pages 1023 - 1033
Class 40 Pages 1033 - 1048
Class 41 Pages 1048 - 1069

 



This page last updated April 30, 2002